The new regulation on the European Regional Development Fund (ERDF) and the Cohesion Fund (CF) 2021-2027 identifies the specific objectives and scope of support for both funds. In line with evidence regarding impact, investments will focus on activities with the highest added value, such as support to SMEs, smart specialisation, the low carbon economy, sustainable urban development and regional co-operation. Some activities will be excluded, for instance support for nuclear power stations, tobacco products, airport infrastructure except in outermost regions and landfills. The ERDF will focus mainly on smart growth and green economy, while the CF on environmental and transport infrastructure.
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